Wells CEO Pay Is Tops Among Peers

Wells Fargo & Co. awarded Chief Executive John Stumpf $22.9 million in compensation for 2012, making him the highest-paid chief of a major U.S. commercial bank.

The amount reflects the San Francisco-based lender's success in profiting from the U.S. home-loans business when many of its largest competitors, such as Bank of America Corp., pulled back in the wake of the housing bust.